TODAY'S
PROGRAM
Vince Cox will
introduce Sheryl Coprick, who is the Principal at
Floyd Elementary School. She has been Principal of Floyd
for 6 years. She has a B.S. degree, an M.E.D. and an
Education Specialist certificate. She is certified in
Physical Education and reading. She is a long time member
of Evangelist Holy Spirit Temple.Mrs. Coprick has one
daughter, Courtney.
LAST
PROGRAM
Barnie
Paulson introduced Marcy L.
Ingram, a financial advisor with Merrill Lynch. She is
a native of Mont-gomery. Barnie talks to her every week and
she does a terrific job. She has one son who is a student
at Catholic High School.
She passed several sheets around about
wealth management. She thought we would play a game to keep
us awake, because financial news is not as exciting as it
could be. She thanked us for inviting her to Good Morning
Kiwanis.
She started her talk by telling a joke. A
man attending a revival decided to join the church. Wanting
to become active, he joined the choir. Sometime later the
choir director went to the minister and said he had to do
something about the new member. He said the man sang
horribly and was going to ruin the special musical program.
The next Sunday he asked the new member to help take up the
collection and greet people. The new member said the choir
took all his time and if he helped the minister he’d have to
leave the choir and he didn’t want to let the choir down.
The minister finally told him, the choir doesn’t think you
sing well. That’s OK the new member said, “Don’t worry,
Preacher, they say you can’t preach well either”.
She asked us to look at the first sheet
that had a graph on it, showing the Dow Jones Stock Market
report. Marcy asked, who wouldn’t want to be in that market
(showed a rise of 10,549.2 points) It showed the market
from May 5th this year to December 21st of this year.
When she had us look at the blue sheet, she
said it was kind of scary to her. Looking at the right
side, it was not as high as the left side. It was a weekly
showing of the market from October 1st to the present.
She had us look at the yellow sheet (where
the sun comes out) and the beginning number was 2232; notice
your at 1988. It goes to the present, looking like a
hiccup. She said there were some people who came through
the market undamaged. She appreciated what Barnie said,
after coming through the past 2 years have been a
challenge. In 1984 the Dow was 4,000 and today it's at a
little over 10,000, which is an extreme rise. If you’re
retiring now or in the next year, it
doesn’t mean a
lot, but it means everything if you’re retiring within the
next 10-15 years. What is important is how your statement
affects you.
There was an article in U.S. News Today
last February 2003 about the 7 daily sins of stock brokers.
Things to look for in an advisor; do they focus on you
achieving your goals; not selling for a price. She doesn’t
push you to act quickly, but to be patient and hold some
times. Always discusses the risk and return. She doesn’t
make promises about returns. She likes to bring that up.
She asked us to look at the sheet with her
picture. On the inside it shows what you should be doing
with your advisor; establishing objectives, setting
strategies, implementing solutions and review progress. You
can’t go into the market with $10,000 and expect to make
$1,000,000. You should receive a report card on a regular
basis.
She played a little game; you had a
multiple choice in answering questions dealing with dividend
paying stock. In 1997 & 1999 some people didn’t know about
dividend paying stocks.
She started with Pfizer; paid a dividend
since ‘01. Coke paid a dividend since 1893. Look at how
many times dividends have paid or rose. If dividends have
been paid for 40 years, that a good stock to invest in.
When you go into a market transaction,
those cutting back on dividends, you could see it in the
bear market just seen; dividends cut 2 or 3 times.
In the 80’s & 90’s people had 3 or more
advisors. They had put money in 3 different places. They
needed different accounts and they all equalized each other,
because of duplication.
People were impressed with mutual funds
last year. They have never out performed stocks. Don’t
look at what the fund did last year. You can have a mutual
fund that you have to pay capital gains, even though the
fund lost money.
If you put a dollar a day away at age 18,
by age 65 it would be $1 million dollars. In 1972, if you
had bought 1,000 shares of Wal-Mart, you’d be a millionaire.
Some of the best stocks are those that have
a long history of paying dividends. Ford is one of those
that is in trouble, because it is heavy in personnel and
that has reduced stock value. The company has spent a lot
on R & D. A good stock that has been under priced are
pharmaceuticals; especially firms in the Middle East.
Microsoft has never issued stocks and they have been beaten
up.
LAST
WEEK'S GUESTS
Bill
Roddam had his son, John, as his guest. He works with the
State Health Department in Radio Communications.
BIRTHDAYS
The
following members have birthdays this month; Jean Ash,
and Vince Cox. Bob Bonn had a birthday in November;
sorry it was overlooked. Dick Bennett, Hoyt Middleton
and Barnie Paulson are also having birthdays.
THOUGHT
FOR THE DAY
President Winstead had some
true/false questions. Apples rather than caffeine are more
effective in waking up in the morning. True. Alfred
Hitchcock didn't have a belly button. True. A pack a day
smoker will lose approximately 2 teeth every 10 years.
True. People don't get sick from cold weather, but by being
indoors more. True. When you sneeze your body functions
stop, even your heart. True. The average person over 50
has spent 5 years waiting in line. True.
PANCAKE
DAY
There were no volunteers to handle ads, so
El Kidd volunteered to do it one more year. He said
the ads are the same price as last year; business cards are
$30, 3x3 ads are $50, and 3x5 ads are $100. Ads are needed
by the end of February. If you have the same ads as last
year, you don't have to do anything, but pay for them. It
costs $150 to print the ads, so everything else is profit.
El asked everyone to help out.
Ed Melton said Pancake Day is March
13th and the job assignments are the same as last year,
except for a few members. Get items ready for the rummage
sale.
ANNOUNCEMENTS
Pete Summer was operated on at UAB
last week. All our best wishes and prayers are with him.
Board meeting is Monday, January
19th.
Mid-Winter Conference will be March
5th-6th at the Embassy Suites.
$100 GOLDEN
PEANUT CLUBBERS
